How much simple interest can a person get on 8,200 at 17.5 % p. a. for a period of 2 years and 6 months.
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Answer:
Step-by-step explanation:
Given:principal =8200
rate= 17.5%
time period =two years and 6 months=2.5 years
SI = PRT/100
= 8200*17.5*2.5/100
=3587.50
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